In the latest example of strong financial growth, Avecto has
been named second in the Deloitte list of the 50 fastest growing
technology companies in the UK.
The UK Fast 50, which ranks the UK's emerging tech companies
based on revenue growth over the last five years, covers technology
companies across the UK in a range of sectors, from Biotechnology
and Electronics to Software and Telecommunications.
All of the companies who featured in this year's list
demonstrated phenomenal progress, with Avecto's growth of 4,721%
over the last five years making it the highest ranked software
company on the list, as well as the first Northern firm to finish
in the top five since 2007, leading Avecto to be crowned both North
regional and Software sector winner.
As reported by
The Business Desk, the only other North West company to feature
in the Deloitte UK Fast 50 came in 25th place, with the list
largely dominated by companies based in London and the South
East.
"Avecto has shown entrepreneurial drive and strategic thinking
to grow both quickly and sustainably. It's one of the leading
lights in the North West technology sector and this ranking clearly
shows it can compete with the best, both nationally and
internationally."
Said Jodi Birkett, technology, media and telecoms partner at
Deloitte in the North West. "Avecto is the perfect example of a
North West tech firm making its mark through clever ideas and
effective execution."
In their featured
Case Study, Deloitte discuss how Avecto founders Mark Austin,
CEO, and Paul Kenyon, EVP Global Sales, spotted a gap in the market
nearly six years ago.
"When users log on to their desktop or laptop, they require
privileges to access certain applications, and in many cases can't
fulfil their roles without those privileges" said Austin. "The big
problem for organizations is that to improve security they must
remove privileged accounts, which leads to a poor user experience,
reducing their productivity and increase help desk calls. So we
thought: can we develop a solution that better balances the need
for secure desktops and user freedom?"
The idea prompted the development of Avecto's award-winning
Privilege Guard Technology, providing organizations with the
ability to balance security with user experience.
"There wasn't a solution on the market that provided such
granular control over application privileges" said Kenyon, "It was
an area growing rapidly, even then, so Mark developed the first
version and solved all the deeply technical problems himself. We've
been innovating ever since."
For the full articles, visit
The Business Desk and
Deloitte.
